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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- How do you report the gift of a capital interest in a 1065 to another member?
How do you report the gift of a capital interest in a 1065 to another member?
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Carolinap
Level 1
06-13-2020
10:34 AM
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Partnership 1065 One partner has a remaining Capital Balance of $15,000.00 wants to Gift it to the remaining partners.
How do I enter the Gift and remove the partner that is gifting and leaving?
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1 Comment 1
George4Tacks
Level 15
06-13-2020
11:50 AM
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Hi there,
You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
Cheers!
Answers are easy. Questions are hard!
